Workday Inc. (WDAY) to Release Quarterly Earnings on Thursday

Workday Inc. (NYSE:WDAY) is set to release its earnings data after the market closes on Thursday, December 1st.

Workday Inc. (NYSE:WDAY) opened at 84.05 on Wednesday. Workday Inc. has a one year low of $47.32 and a one year high of $93.35. The stock has a 50 day moving average of $85.16 and a 200-day moving average of $82.48. The company’s market cap is $16.81 billion.

Several equities analysts have weighed in on WDAY shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Workday in a report on Wednesday, September 28th. Barclays PLC reaffirmed a “hold” rating and set a $77.00 price target on shares of Workday in a report on Wednesday, November 23rd. Brean Capital reaffirmed a “sell” rating and set a $62.00 price target on shares of Workday in a report on Tuesday, November 22nd. First Analysis downgraded shares of Workday from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $87.00 to $88.00 in a report on Thursday, August 25th. Finally, Morgan Stanley lifted their price target on shares of Workday from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, August 25th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $85.72.

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In other news, SVP James P. Shaughnessy sold 5,875 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $86.80, for a total transaction of $509,950.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Aneel Bhusri sold 10,317 shares of the firm’s stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $86.35, for a total transaction of $890,872.95. The disclosure for this sale can be found here. 41.78% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of WDAY. Dimensional Fund Advisors LP raised its position in shares of Workday by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 90,487 shares of the company’s stock worth $6,756,000 after buying an additional 6,446 shares during the period. Prudential Financial Inc. raised its position in shares of Workday by 18.9% in the second quarter. Prudential Financial Inc. now owns 3,460 shares of the company’s stock worth $258,000 after buying an additional 550 shares during the period. BlackRock Inc. raised its position in shares of Workday by 9.8% in the second quarter. BlackRock Inc. now owns 93,755 shares of the company’s stock worth $7,001,000 after buying an additional 8,383 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of Workday by 5.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,751,816 shares of the company’s stock worth $205,478,000 after buying an additional 143,766 shares during the period. Finally, US Bancorp DE raised its position in shares of Workday by 0.5% in the second quarter. US Bancorp DE now owns 27,125 shares of the company’s stock worth $2,026,000 after buying an additional 123 shares during the period. 64.31% of the stock is currently owned by institutional investors and hedge funds.

Workday Company Profile

Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. It operates in the cloud applications segment.